Property summary
This exceptional turnkey restaurant opportunity in Grass Lake, Michigan, presents a unique blend of established success and significant potential. Priced at $599,900, this property boasts 2,305 square feet of space, situated on a generous 1.96 acres of land. The property includes two buildings, both single-story structures, built in 1950. The main building houses the thriving restaurant, a well-known local favorite known for its fish fry, barbecue, live music, and social atmosphere. The restaurant benefits from a loyal customer base and dedicated staff, ensuring a smooth transition for a new owner. Adding to the appeal is a three-bedroom, one-bathroom house located on the property, providing additional living space or potential for expansion. The restaurant's prime location near Portage Lake makes it an ideal summer destination, further enhanced by its high-traffic location. This owner/user investment offers a rare chance to acquire a profitable, established business with significant upside potential in a desirable Michigan community. The price per square foot is $260.26. This is a truly remarkable opportunity for a culinary entrepreneur seeking a ready-made success story. The property's address is 12227 Seymour Rd, Grass Lake, MI 49240.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites deve…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Grass Lake market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Grass Lake, MIThe General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites deve…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The General Commercial District is intended for commercial uses that provide convenience goods and services for residents of the village and the surrounding area. It is further the intent of this district that sites deve…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Grass Lake, MI.
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